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50:T405,SK Telecom will invest 140 trillion won ($91.5 billion) to develop South Korea's southeastern Yeongnam region into an AI hub, CEO Jung Jai-hun announced at a July 3, 2026 briefing in Jinju presided over by President Lee Jae Myung, according to Yonhap and The Korea Times. SKT will start with a 100-megawatt hyperscale AI data center in the port city of Ulsan, targeting operations by the fourth quarter of 2027, then add 900 megawatts plus a further 1 gigawatt elsewhere in the region. The company plans to reach 5 gigawatts of AI data-center capacity by 2029, which Jung called the first step toward a longer-term goal of 15 gigawatts nationwide. Jung said the initial 5-GW phase would require about 2,500,000 square meters of land, roughly 3 million GPUs, about 2.4 million HBM units, and around 350 trillion won in investment. "The massive AI data centers could transform the region into a hub for the verification and expansion of manufacturing AI, when combined with the manufacturing capabilities in the region," Jung said.48:["$","div",null,{"children":[["$","div",null,{"className":"article-summary mb-10","children":["$","div",null,{"className":"text-[20px] text-stone-800 leading-[1.6] font-serif font-normal","children":[["$","div","0",{"className":"mt-6 first:mt-0","children":[["$","p","0",{"className":"","children":["For ML infrastructure teams, this is a capacity-planning signal as much as a corporate announcement: a single operator committing to 5 gigawatts of AI data-center capacity by 2029, requiring an estimated 3 million GPUs and 2.4 million HBM units for the first phase alone, adds concentrated demand to an already tight global accelerator and memory supply chain. Teams planning multi-year GPU and HBM procurement, or evaluating Asia-Pacific colocation and cloud capacity, should treat Yeongnam's buildout timeline as a new data point in regional supply forecasts."]}]]}],["$","div","1",{"className":"mt-10 first:mt-0","children":[["$","h3",null,{"className":"font-serif-display text-[1.5rem] sm:text-[1.75rem] font-normal text-neutral-900 leading-[1.15] tracking-[-0.01em] mb-4 flex items-center gap-2.5","children":[["$","span",null,{"className":"w-1 h-7 bg-neutral-800 rounded-full flex-shrink-0"}],"What happened"]}],["$","div",null,{"className":"pl-3 border-l-2 border-neutral-100","children":[["$","p","0",{"className":"","children":["$50"]}]]}]]}],["$","div","2",{"className":"mt-10 first:mt-0","children":[["$","h3",null,{"className":"font-serif-display text-[1.5rem] sm:text-[1.75rem] font-normal text-neutral-900 leading-[1.15] tracking-[-0.01em] mb-4 flex items-center gap-2.5","children":[["$","span",null,{"className":"w-1 h-7 bg-neutral-800 rounded-full flex-shrink-0"}],"Industry context"]}],["$","div",null,{"className":"pl-3 border-l-2 border-neutral-100","children":[["$","p","0",{"className":"","children":["The SKT plan is one piece of a coordinated 312 trillion won ($201.7 billion) southeastern Korea investment package announced the same day by the finance ministry, with Hanwha (55 trillion won, space and defense data centers), Hyundai Motor (42 trillion won, autonomous-driving and manufacturing AI), and Samsung (60 trillion won, humanoid robots and batteries) unveiling parallel commitments. The government frames this under President Lee Jae Myung's \"tripolar mega projects,\" following similar announcements for southwestern and central Korea earlier in the week, part of a broader push to anchor Korea's chip and AI supply chain around regional manufacturing clusters."]}]]}]]}],"$L51","$L52"]}]}],"$L53","$L54","$L55","$L56","$L57","$L58","$L59"]}]
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